Lino Saputo
Canadian businessman (b. 1937)
Emanuele "Lino" Saputo, (Italian: [emanuˈɛːle liːno saˈpuːto]; born 10 June 1937) is an Italian-Canadian billionaire businessman. He is the founder of the Canadian cheese manufacturer Saputo Inc.2
From Wikipedia’s article on Lino Saputo (this version), CC BY-SA 4.0.
Born Jun 10, 1937.1
About
According to Forbes, he has an estimated net worth of US$4.7 billion as of November 2022.
From Wikipedia’s article on Lino Saputo, shared under CC BY-SA 4.0.2
Companies
Early life and education
Saputo was born in Montelepre, Sicily, Italy, in 1937, to Giuseppe Saputo, a cheesemaker, and his wife Maria. Giuseppe and Frank, his eldest son, immigrated to Montreal, Quebec, Canada in 1950, and two years later, Lino joined his father and brother in Canada, along with his mother Maria, his brother Luigi, as well as his sisters Rosalia, Elina, Maria and Antonina.
From Wikipedia’s article on Lino Saputo (this version), CC BY-SA 4.0.
Career
Occupation: businessperson, entrepreneur.4
Saputo became chairman of the board and president of Saputo Inc. in 1969, and he was named chairman and chief executive officer (CEO) in 1997 when the company went public. In March 2004, his son Lino Saputo Jr. was appointed to the position of president and CEO, while Saputo continued as the company's chairman. In August 2017, Lino Saputo Jr. assumed the role of chairman, and Saputo remains the majority shareholder of Saputo Inc.
Saputo was named in the 2017 Paradise Papers because he held shares in an offshore company, an aviation company, in Bermuda which he had sold off in 2010. A spokesperson said that "was justified for business reasons and not for fiscal considerations".
From Wikipedia’s article on Lino Saputo (this version), CC BY-SA 4.0.
Personal life
Legal issues and controversies
2008 defamation lawsuit
In March 2008, Saputo Inc. launched three defamation lawsuits against the owners of three Canadian newspapers over stories that were published in December 2007 alluding to Lino Saputo being linked to organized crime. Saputo sued CTVGlobemedia, the publisher of The Globe and Mail, Quebecor Inc., which owns the Sun Media Group of Papers, and Gesca Ltd, the owner of Montreal's La Presse newspaper. Company CEO Lino Saputo Jr. claimed the articles contained false allegations against his father and the company as a whole. An Italian weekly magazine, L'Espresso, was also being sued for articles that ran in November of the same year.
2020 CBC investigation
A 2020 investigation by Enquête reported that Saputo, contrary to his claims of no contact with Bonanno after May 1964, had been reported by an FBI informant as having met him in Tucson in 1970. Further investigations by the FBI and DEA found evidence of contact between the two over the next nine years. Investigator Eugene Ehmann was quoted by CBC, "They just had a relationship, and it was a longtime one." Saputo allegedly funneled US$51,000 (US$210,000 in 2020) from his brother-in-law and business partner Giuseppe Borsellino, who is known to have corresponded with Bonanno and have had links to the Rizzuto crime family, to the mobster. Borsellino, whom RCMP investigators identified as a pseudonymous Bonanno associated known as "Peppo Freddo" (literally 'Cold Peppo', 'Peppo' being a diminutive of 'Giuseppe'), is known to have had links to the Rizzuto family of Montreal.
In 1980, Saputo was refused a business permit in New York by Appeals Court Judge Charles D. Breitel, for his alleged ties to Saputo.
From Wikipedia’s article on Lino Saputo (this version), CC BY-SA 4.0.
Awards
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataLino Saputo on Wikidata
- 2WikipediaLino Saputo on Wikipedia
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- 8WikidataLino Saputo: award, on Wikidata
- 9Wikidataaward, as reported
- 10WikidataSaputo, Founder